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Experience Requirements for Semi-Commercial Property Mortgages/Loans

Experience Requirements for Semi-Commercial Property Mortgages & Loans

The market for semi-commercial mortgages has become increasingly popular recently with lenders relaxing their experience requirements, making it more appealing for investors to diversify their portfolios.


What Experience Do I Need to Obtain a Semi-Commercial Mortgage/Loan?

Whether you are a first time landlord or an experienced investor, we can help you find a suitable lender for your semi-commercial property purchase.

Below is a brief overview of a select few lenders criteria requirements for semi-commercial mortgages.

  • Lender A – Ownership of a commercial investment property for a minimum of two years or owned and managed at least two investment properties for the last 2 years
  • Lender B – Minimum 2 years relevant sector experience
  • Lender C – No experienced required as long as it is a strong case
  • Lender D – No previous semi-commercial experience required but must be an experienced landlord (someone who has operates a BTL property within the last 12 months)


You will see above that lender C can consider lending to a first time landlord as long as the case presented to them is strong. This means, there should be a strong commercial lease in place and the borrower should ideally have a strong asset / liability position.


A Lenders Criteria isn’t Always so Black & White

Lenders are also becoming more flexible when looking at criteria. If a case ‘doesn’t tick all the boxes’ this is not to say they won’t lend. It is about presenting the case in the best light and finding out if there are any other ways to make it work.

Example: I recently had a case where the client was a first time landlord and after a pre-referral to the lender, they were able to get comfortable because the client had been acting as the managing agent for the property for the past 2-years, which they were able to view as ‘relevant experience’. This lender on paper, does not accept first time landlords looking to purchase semi-commercial properties, but this is just one example of some lenders flexibility when given the whole picture by the broker.

This is why it’s important to consider using a mortgage broker like Advocate Finance, as we have built relationships with many lenders and can contact them directly with referrals, presenting them with the whole picture to find you the best deal for your circumstances.


How can Advocate Finance help?

Every semi-commercial mortgage enquiry we receive will be assessed on a case by case basis, as there are many other factors to consider when looking at suitable lenders. Please get in touch with us to discuss your individual circumstances.

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Megan Parkin

Senior Property Finance Adviser | | 01206 544333
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Picture of Megan Parkin

Megan Parkin

Senior Property Finance Adviser | | 01206 544333